Message from the President

I would like to sincerely thank all our shareholders for their continued support.

In the six months ended September 30, 2025, the real estate brokerage business remained strong, including for sales to investors, on the back of a robust real estate sales market. The occupancy of offices and commercial facilities improved, mainly for properties in the Greater Shibuya Area. As a result, operating revenue reached ¥591.3 billion, operating profit was ¥78.5 billion, and profit attributable to owners of parent amounted to ¥52.2 billion.

Based on this solid performance, we have issued an upward revision to the full forecast for the fiscal year ending March 31, 2026 (FY2025) that was originally announced on May 9, 2025.

Guided by the medium-term management plan 2030, which started from FY2025, the Group has taken action on three key themes: “the promotion of the Greater Shibuya Area strategy,” “the establishment of a GX business model,” “the expansion of Glocal business (global & local integration initiatives).” Through these efforts, we seek to address the evolving and growing needs of society, while simultaneously building a robust and unique business portfolio.

Regarding shareholder returns, based on our return policy of a 35% or more dividend payout ratio and a progressive dividend approach, we have set this year’s interim dividend at ¥22 (¥1 more than the initial forecast and ¥5 more than the same period of the previous fiscal year).
In addition, based on the full-year forecast, we plan to provide an annual dividend of ¥44.5 (¥2.5 more than the initial forecast and ¥8 more than the previous fiscal year).

Going forward, with the aim of increasing dividends in line with sustainable profit and EPS growth, we will continue to increase corporate value by enhancing the satisfaction of all stakeholders associated with the Group.

By creating premium value that addresses societal themes, the Group is steadily advancing toward our ideal vision for 2030 of “realizing a future where everyone can be themselves and shine vigorously.”

I would like to again thank all our shareholders for their ongoing support and cooperation.

December 2025